Large Incentives Being Offered Right Now
Some of the greatest incentives are those offered by luxury makers, which have been especially hard-hit by the recession. Look for good deals on 2009 models, including a $4,000 rebate on Chevrolet Corvettes and $6,000-$7,000 dealer incentives on the Saab 9-3 Convertible and the Saab 9-5. Additionally, Mercedes-Benz is offering dealer incentives ranging from $8,000 - $15,000 on its 2009 models to remedy its 13 percent drop in sales.
General Motors recently increased incentives on many of its models, even with the launching of its "May the Best Car Win" campaign which gives buyers a 60-day money-back guarantee.
Its Pontiac Vibe and Pontiac Solstice now come with a choice between $2,500 rebate and zero percent financing for 72 months. Besides that, GM is also offering deals on Saturn models, such as $4,000 off of the Saturn Aura Hybrid's sticker price of $26,000.
For those who have their eye set on a truck or a hybrid, you're in luck. GM has recently launched its yearly October Truck Month extravaganza, where you can find cash rebates and low-interest financing on trucks galore. But by far the best truck incentives are from Nissan. Its Titan pickup comes with either a $5,000 cash rebate or zero percent financing for 50 months and 1.9 percent financing for 72 months. As for hybrids, there are diesel credits on BMW's diesel models and cash rebates ranging in the $4,000s on Cadillac Escalades and Chrysler Aspens.
From pickup trucks to luxury models to minivans, it seems there are great deals on vehicles for everyone.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and Ryde Shopper are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid